Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. the latest American Housing Survey by the Census Bureau. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans. In total, Bill and Melinda Gates have acquired land in more than a dozen states. Gates diversified his investment portfolio through land ownership, but why? Gates and his wife own 269,000 acres of farmland. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Lemmon Holdings, the billionaire spent $80 million to purchase. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. There farmers primarily grow soybeans, rice, corn and cotton. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. Reed family: Land area: 1.7 million acres. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. This can be an affordable way to get started with your raw land investments. by Harvard Universitys Joint Center for Housing Studies. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Right? This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. A 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Black, Mexican, Asian, and Native people, of course, were categorically excluded from the benefits of a federal program that subsidized and protected generations of white wealth. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. But that could soon change. It was the highest priced land sale in the US that year. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. Beach House in Del Mar, California: $43 Million. Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 4 Bill Gates acquired six parcels of land in Pembina County. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. Land is power, land is wealth, and, more importantly, land is about race and class. The outlet reported this week that Gates, 65, owns 268,984 acres of. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. In Nebraska where he owns 20,000 acres, it is used for soybeans. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. Here is the . Much of Turner's land is used as grazing land for over 50,000 head of buffalo . In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Do whatever you want to with the land as the value increases. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. We know that one of the best ways to sequester carbon is through the soil. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.His 242,000 acres of farmland stretch across 18 states Bill Gates owns farmland in 18 states . In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." 2,167 acres. The price makes this one of the most expensive home sales in this part of California ever. Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. The billionaire couple, in less than a. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. The opportunities are virtually endless. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. The land we all live on should not be the sole property of a few. Bill Gates' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. Cascade Investments declined to comment on its interest in acquiring so much American farmland, but a spokesperson for the firm, Charles V. Zehren said it is very supportive of sustainable farming. He pointed out that in 2020, the acreage that Bill Gates firm owns was all enrolled in a sustainability program. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. *According to figures compiled by The Land Report in 2019. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' AP'S ASSESSMENT: False. Bill Gates may be trading his pocket protector for cowboy boots. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. Land will likely never be a bad investment, as long as the land is healthy and properly located. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. One of the largest plots of land owned by a subsidiary of the Gateses investment arm in Louisiana, Angelina Plantation, was previously owned by former WorldCom CEO Bernard Ebbers, who died last year, a month after being released from prison. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . So what is this guy planning? Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the. The billionaire couple, in less than a decade, have accumulated more than 269,000 acres of farmland across 18 states, more than the entire acreage of New York City. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. It also allows you to keep a portion of the land for personal use so you do not have to give up your weekend home or relaxation property. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Through his subsidiary Mt. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. That land is now largely rented out to various farmers. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. To put that into perspective, thats nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where Im an enrolled member. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955). He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. Single-family homes are priced between $5-25 million. There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. That was a virus I got from Ted Turner.. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to, Undisclosed Sale Price (Listed for $8.9 Million). Besides the enrollment of their landholdings in Leading Harvest, the Gates Foundation in 2020 also created an agricultural nonprofit, Gates Ag One, which focuses on bringing affordable solutions to small-scale farmers in sub-Saharan Africa and South Asia to improve crop productivity. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. Can You Build A Wedding Venue On Residential Land? Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. He never did anything that different from before he got here and what other farmers were doing nearby.". Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. There . He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. The potential is endless. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The largest. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 23:06 GMT 15 Jan 2021 Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. But they're just renting it. He now owns more farmland than my entire Native American nation. And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. This means that you can find good deals that may be just the thing you are looking for. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. BlackRock also does not own the majority of the countrys 80 million single-family homes. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. But Gates, known for his philanthropic work solving some of the worlds most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. Dailymail.com Reporter It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Bill Gates top private farmland owner in US. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to. In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. We are no longer accepting comments on this article. Seems like there could be a lot to benefit more of their charities by selling some of this off. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to Citizen Kane. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Like other investment opportunities, you can find land for sale online. He also reportedly owns about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. The biggest shift in recent years from small to big farms was in the US. You can also fill out the contact form below if you are interested in buying or selling land. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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